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500 unrelated accounts all deposit money into a single shared account. From that shared account, payments are made to 1,000 other accounts. None of the amounts
by zenexer 6y ago
500 unrelated accounts all deposit money into a single shared account. From that shared account, payments are made to 1,000 other accounts. None of the amounts match the original deposits, even when summed. Whose money is whose?
This is an oversimplification, but it should give you a rough idea of how difficult it is to trace Bitcoin.
- vdfs 6y agoAuthorities might already know mixers service providers and a subpoena will give them all info they need. Not sure tho, I haven't used bitcoin but there always be weak link somewhere
- walrus01 6y agoI would be very surprised if any mixer operators are located in places that care in the slightest about a US subpoena (russia, etc).
- zenexer 6y agoHow are you going to identify them? When they cash out, all their Bitcoin has already been laundered. Granted, this is all theoretical. In practice, it’s not unusual for such people to make mistakes that reveal their identity; however, there’s nothing inherent to Bitcoin that ensures they can be de-anonymized. Usually they attempt to go after hosting providers, but when the services are only accessible by Tor and they’re using bulletproof hosting—hosting providers who do their best to avoid law enforcement—that’s no easy feat. It’s not impossible, but it can be both a technical and diplomatic nightmare.
- sonicggg 6y agoYou clearly have no idea what you're talking about.
- hombre_fatal 6y ago> This is an oversimplification, but it should give you a rough idea of how difficult it is to trace Bitcoin. You'd be surprised. The feds have very advanced taint analysis if they have reason to go after you.